By Susanna Moon
Chicago, Feb. 8 – Bank of Montreal priced $540,000 of 0% buffered bullish return notes due Jan. 31, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum return of 15%.
Investors will receive par if the fund falls by up to 22% and will lose 1% for every 1% decline beyond the buffer.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
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| Issue: | Buffered bullish return notes
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| Underlying fund: | iShares MSCI Emerging Markets ETF
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| Amount: | $540,000
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| Maturity: | Jan. 31, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any fund gain, capped at 15%; par if fund falls up to 22%; 1% loss for every 1% decline beyond 22%
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| Initial price: | $52.08
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Underwriter: | BMO Capital Markets Corp.
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| Fees: | 0%
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| Cusip: | 06367TY20
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